Does the buyer of a car have to job if they cosighner and for how long?

The buyer of a car does not need to have a job if they have a cosigner. The cosigner is the one who is legally responsible for the loan, and they will be the one who is responsible for making the payments if the buyer does not. However, the buyer may need to have a job if they want to be approved for the loan in the first place. The lender will want to see that the buyer has a source of income so that they can be confident that the payments will be made.

There is no specific length of time that the cosigner must be employed. However, the lender will want to see that the cosigner has a stable job history and that they are likely to be able to continue making the payments for the life of the loan.

Here are some additional things to consider about cosigning a car loan:

* You are legally responsible for the debt. This means that if the buyer does not make the payments, you will be responsible for paying them.

* Your credit score can be affected. If the buyer does not make the payments, your credit score will be negatively affected.

* You may be limited on other loans. Cosigning a car loan can make it more difficult for you to get approved for other loans in the future.

* It can be a family affair. In some cases, cosigning a car loan for a family member or close friend can be a good way to help them. However, it is important to remember that you are taking on a legal obligation, so you should only do it if you are comfortable with the risk.